Company let agreement: house or flat

This is a contractual (common law) tenancy agreement used to let a residential house or flat to a company. This document should be used in place of an assured shorthold tenancy agreement as the former can only be used where the tenant is a private individual. This is a comprehensive agreement, designed to protect primarily the interests of the landlord.

About this letting agreement

It is for letting a house or flat to a company and not to an individual. The company can use the property to house its employees, visitors or anyone else.

The company is not a protected tenant, so you are in far stronger control than under an AST. The landlord has no obligation whatever to the occupier. Conversely, it is for the company to satisfy all the usual tenant’s covenants.

Of course you must stick to your contracted deal. What is more, you cannot push out a residential occupier ruthlessly, but if things go wrong it is easier to obtain possession that for a letting direct to the human occupier.

This is a full agreement drawn to cover all the likely requirements of the landlord, in terms providing options and menus to make it easy for you to decide what you want to include in your deal.

Everything is negotiable, including: the rent amount, when paid, how paid, termination, break clause, good behaviour, deposit against bad behaviour.

You can use this agreement for a lease of any length, but we advise you to keep it short (one or two years maximum) because you do not have to pay stamp duty land tax on a lease for seven years or less, nor do you have to register it at the Land Registry.

*But certain high value leases under seven years may be chargeable to SDLT.

Features and contents

All standard provisions included

Choice of 40 covenants, or tenant's "promises" setting out what the residents can and cannot do

Details of rent and frequency of rent payment

Deposit terms

Guarantor

How the tenancy may end and what will happen

Many other necessary legal provisions

Draftsman

This document was written by a solicitor for Net Lawman. It complies with current English law.

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What other customers thought

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5 out of 5 stars

By Nick Skinner 28 June 2016

A really useful non housing act agreement that is logically set out and comes with guidance notes. You will need some drafting experience as some clauses have to be deleted or modified to suit your precise needs. But it saved me hours of effort and gave a good starting point. Although i did use their dicument review service it was assuring to know it was there if needed. Highly recommended.

5 out of 5 stars

By Margaret Brown 16 May 2016

I needed a lease for a flat. I was going to edit a service agreement we had previously bought for the same flat. I looked online to find the correct title for this document and found Net Lawman. I soon discovered that I was using a totally unacceptable document for the situation. I purchased this template and with the help of the guidelines found it really easy to complete. I am very satisfied that I now have the correct document for our situation at a very reasonable cost. I wouldn't hesitate to purchase other templates from Net Lawman should the necessity arise.

5 out of 5 stars

By Liz Downing 21 March 2016

This is the first time I have used your services. It was very fast and easy, and I will definitely be using your services again in the future. The guide notes also given at the same time as receiving the template documents was very useful and informative. Well done!

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